AIX-EN-PROVENCE, France, November 16 /PRNewswire/ — VASCO, a world
leader in strong authentication solutions has joined with Monext, a pure
player in electronic payments, to offer their clients an effective,
cutting-edge solution for authentication problems faced by financial
institutions, businesses and public services.

The OSS Solution (Optimized Security Solution) offered by Monext, is
based on VASCO’s IDENTIKEY(R)core technology which enables each client to
customise their own systems. Thus, OSS facilitates the management of all
currently-available authentication methods including matrix cards, PKI
certificates, mobile authentication, as well as the various password
generators (mobile telephone SMS, EMV card readers and DIGIPASS(R)
authenticators). This recent solution is a major asset for OSS.

The ability of this solution to manage a diversity of authentication
channels (voice, SVI, internet) is another benefit which accommodates all
requirements and provides 24/7 assistance to all users.

The solution developed by Monext, in association with VASCO, provides a
completely-integrated package: supply of media, authentication server
operation in a highly-secure environment supported by a Monext call centre.

For banking and financial institutions, OSS reinforces the 3D-Secure
payment security system by efficiently responding to the authentication
requirements specified by the Banque de France. The first pilot program will
be conducted in early 2010 and commercial deployment will follow in the
middle of next year.

Philippe David, Manager of the Monext Banking and Payment Solutions
Division stated: “Monext is an expert in secure payment transactions and is
delighted to sign this strategic partnership deal with the uncontested
authentication leader in order to provide its clients with an integrated,
strong, multi-channel authentication solution.”

“VASCO is delighted to sign a partnership deal with Monext, one of the
key players in the French electronic banking service sector. We are confident
that this partnership will lead to many profitable projects in the future and
will encourage the adoption of strong, two-factor authentication by the
French market”, stated
Jan Valcke, President and CEO of Vasco Data Security.

About VASCO

VASCO is a major supplier of strong authentication and electronic
signature solutions and services and specialises in the security of online
applications and transactions. VASCO has positioned itself as a global
supplier of internet transaction and application security software solutions
with a customer base of more than 9,000 client companies distributed in more
than 100 different countries including 1,350 international financial
institutions. The key markets for VASCO are the financial sector, business
security, e-commerce and e-government.

Disclaimer:

All declarations, made in this new announcement, that refer to future
plans, events or performance are anticipative declarations.

All declarations containing terms such as “think”, “anticipate”, “plan”,
“hope”, “want”, “desire” and all other, similar terms, are anticipative and
such declarations involve risks and uncertainties. They are based on current
expectations and, consequently, actual results may diverge from the
expectations stated in these anticipative declarations.

Refer to the public registration on the “US Securities and Exchange
Commission” for more information regarding the company and its operations.

With close to 5 million bank cards, 3 million transport cards and 3
million private cards (petrol, distribution) used on a daily basis by its 400
partners representing more than 550 million recorded transactions, MONEXT is
a key player in the French electronic payment sector. Its goal is to
facilitate electronic payment transactions, with or without cards, at the
point of sale, over the internet or by mobile phone, in a secure, reliable
and instantaneous manner.

MONEXT is a developer of innovative solutions for its banking,
distribution and business clients. It is seeking to triple its sales turnover
over the next 3 years via internal and external growth. It is also seeking to
establish itself as one of the European leaders in this very high-growth
sector. For more information: http://www.monext.fr